YORK, Pa.--(BUSINESS WIRE)--
Glatfelter (NYSE: GLT) today announced that its board of directors
increased its quarterly dividend to $0.11 per share on its outstanding
common stock. The dividend is payable on May 1, 2014 to shareholders of
record as of the close of business on April 3, 2014.
“Today’s action reflects Glatfelter’s solid financial position and
expectations for the continued generation of strong and sustainable free
cash flow,” said Dante C. Parrini, chairman and chief executive officer.
“This increase in our dividend, the second in the past twelve months,
further demonstrates our commitment to maintaining a competitive
dividend and returning value to our shareholders.”
Celebrating its 150th anniversary in 2014, Glatfelter is a
global supplier of specialty papers and fiber-based engineered
materials, offering innovation, technical expertise, and world-class
service. Headquartered in York, PA, U.S. operations include facilities
in Spring Grove, PA and Chillicothe and Fremont, OH. International
operations include facilities in Canada, Germany, France, the United
Kingdom and the Philippines, a representative office in China and a
sales and distribution office in Russia. Glatfelter’s sales approximate
$1.7 billion annually and its common stock is traded on the New York
Stock Exchange under the ticker symbol GLT. Additional information may
be found at www.glatfelter.com.
John P. Jacunski, 717-225-2794
T. Yanavitch, 717-225-2747